Jan 15, 2013 3:00am PST
s. >> while i'm willing to find middle ground to reduce our deficits, america cannot afford another debate. not paying its bills is irresponsible. it's absurd. republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being res
Jan 16, 2013 6:00am PST
several years from 2000, where we had a surplus under president clinton to get to a deficit under president bush. so it will take some time. but i think sequestration is a blunt instrument. it doesn't allow the cabinet secretaries, not just the secretary of defense, but the secretary of every other agency, to make judicious judgments about which programs are higher priority. and we in the congress should be able to make those judgments ourselves, working with the administration. so i don't think it's the right instrument. i think the goal is appropriate, which is to reduce the deficit, do it in a balanced way, and recognize that there are some things that you can do up-front, quickly. there are some things that are best done, sort of, towards the end of the cycle. and the other factor, too, is we can't forget that one of the best anecdotes to a deficit is a strong, growing economy, particularly growing jobs. and so there are things we have to do to grow jobs. >> i think everybody agrees on the jobs front. anyway, senator jack reed, democrat from rhode island, the senior man when i
Jan 13, 2013 9:00am PST
a deficit and debt point of view. so there's much more resistance on the republican side than there used to be. to all of the little riders and pieces of pork that are loaded into these disaster relief bills. and that's some of the changes we've seen in terms of these things being held up. an easy way to do this, and it's hard to get an agreement on this in the senate-s just to pass a clean disaster relief bill with nobody else's projects in there. having said that, republicans need to be careful. there are a number of republican house seats in new jersey and new york that could be threatened if republicans are perceived as holding up aid to sandy. and it's just not anywhere they really want to be when they're trying to focus on a debt ceiling fight or at least they should be. and i think from a political point of view and even substantively they have much bigger -- they have much bigger things to go after and try and accomplish than being perceived as callous when you have so many people in the northeast that don't have functional homes in the dead of winter. >> quickly changing topics,
Jan 18, 2013 11:00am EST
and republicans. out of that, hopefully, some progress being made to get this deficit and debt under control. we believe our obligation is to help prevent a debt crisis from hitting this country. republicans have had a tough spot here. the president of united states as he is not negotiating the debt ceiling. he says it is simply up to congress. it is due to spending that is already approved. the majority of republicans voted against the deal because there were no spending cuts. this was the first strategy session. we are going to have these fights throughout the spring. back to you. cheryl: we just had a guest trying to tell us to avoid the noise in washington. thank you very much, rich. dennis: let's take a look at apple shares right now. down five dollars. 1%. another tip today. an analyst says do not hang up on the iphone maker. that cancellation of orders for iphone parts, it is not tied to sell drop in demand for iphone5. apple is moving toward so-called -- screens from different suppliers. analyst who are usually critical of apple came out and said, look, this recent sellout, way overdone.